ChiniMandi, Mumbai: 5th Jan 2026
Domestic Market
Weak sentiment continued in Domestic sugar prices
Domestic sugar prices were reported weak across major markets, with prices declining by around ₹10–20 per quintal during the session. The Uttar Pradesh mills saw a fall of ₹10-20 per quintal, largely due to a wider market spread and sustained selling pressure while Maharashtra and Northern Karnataka witnessed a relatively milder decline of ₹5–10 per quintal. Overall, the market continues to remain under pressure, extending the downward trend observed since the start of the crushing season, amid comfortable supply availability and subdued demand conditions.
Spot prices in key physical markets mirrored this subdued tone. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,880–₹3,970 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded slightly lower at ₹3,555–₹3,610 per quintal, extending the gradual downward trend seen over the past few sessions.
Ex-mill Sugar Prices as on Jan, 5 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3660 to 3670 |
₹3710 to 3720 |
|
South Karnataka |
₹3800 |
₹3850 |
|
Uttar Pradesh |
– |
₹3880 to 3970 |
|
Gujarat |
₹3691 to 3721 |
₹3761 to 3791 |
|
Tamil Nadu |
₹3860 to 4050 |
₹3930 to 4100 |
|
Madhya Pradesh |
₹3735 to 3795 |
₹3805 to 3875 |
|
Punjab |
– |
₹4030 to 4103 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 5 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,263.00 |
|
Kanpur |
M/30 |
₹4,305.00 |
|
Kolhapur |
M/30 |
₹3,874.50 |
|
Kolkata |
M/30 |
₹4,263.00 |
|
Muzaffarnagar |
M/30 |
₹4,105.50 |
|
Ahmedabad |
M/30 |
₹4,042.50 |
|
Bangaluru |
M/30 |
₹4,126.50 |
|
Chennai |
M/30 |
₹4,231.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $425.00 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.81 c/lb. The corn futures market trades at 439-6 and the ethanol Chicago trades at 1.58250s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.208 whereas USD was trading with BRL at 5.4227 Crude WTI traded at $57.65 a barrel. Sensex closed 322.39 points down at 85,439.62 whereas Nifty closed 78.25 points lower at 26,250.30.
News Round-Up
Delhi cabinet approves free 1 kg sugar for AAY beneficiaries till March 2027
Delhi cabinet approves free 1 kg sugar for AAY beneficiaries till March 2027
FMC India launches insecticide Tirracto for sugarcane
Rising labour costs worry sugarcane farmers in Tamil Nadu: Report
Rising labour costs worry sugarcane farmers in Tamil Nadu: Report
